News

IRA Rescue Using 72t

Posted by on Nov 18, 2014 in Uncategorized | Comments Off on IRA Rescue Using 72t

IRA Rescue Using 72t

The following are a few slides from the IRA rescue using EIUL presentation an IMO is peddling.  As you read in my newsletter, not only can’t I make the numbers work, I can’t even get them to come close. This concept is a sure fire loser from a financial point of view and if you want to read about those real world numbers (vs. the seemingly made up numbers from the slides below), click on the following links to read a few of my past articles. Another IRA Rescue-Life Insurance Sales Strategy to Avoid!  Another IRA Rescue-Life...

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College Planning Using EIUL

Posted by on Oct 13, 2014 in Uncategorized | Comments Off on College Planning Using EIUL

            Thank you for your interest in learning the math behind using cash value life insurance for college planning.             Unfortunately, most IMOs and insurance companies are not properly educating insurance agents how to “properly” use cash value life for college planning. Many agents put forth illustrations that are pushed to the max to make them look like CVL for college planning can work well (or worse, that it’s a no lose proposition).             Unfortunately, when you use real world or more realistic illustration...

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Hyper-Funding an EIUL

Posted by on Oct 6, 2014 in Uncategorized | Comments Off on Hyper-Funding an EIUL

            Have you ever heard of Hyper-funding a life insurance policy?             Chances are you have not. I hadn’t heard of it until last year when an IMO I work with started rolling out Hyper-funding illustrations.             What type of cash value life insurance policy can you Hyper-fund?              Any policy that has growth pegged to a variable investment return (such as the S&P 500 index) and one that has a variable loan option. If you are not fully up to speed on variable loans in life insurance policies, I recommend you...

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New EIUL Product

Posted by on Sep 17, 2014 in Uncategorized | Comments Off on New EIUL Product

New EIUL Product                  If you’ve not been hit on yet, you will about a “new” EIUL product that is now available to the entire industry. Before, one IMO had a national exclusive on it which is why most agents haven’t heard about it (although the IMO is still receiving a national override on ALL sales from what I hear).                 Oh, agents love this new product. Why? Because it illustrates well.                 However, if you’ve been reading my newsletters or have read my books, you’ll know...

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Ameriprise Rolls out an EIUL Policy

Posted by on Sep 10, 2014 in Uncategorized | Comments Off on Ameriprise Rolls out an EIUL Policy

OMG–Ameriprise Just Rolled Out an EIUL Policy Find Out If It’s Any Good          No, H-E-L-L has not frozen over. It’s true. Ameriprise recently rolled out its own Equity Indexed Universal Life (EIUL) policy.           Why is this so shocking? —Ameriprise is a Broker Dealer (BD) that until the introduction of this new product has forbidden its advisors from selling anything “indexed” (Fixed Indexed Annuities (FIAs) or EIUL).          Ameriprise used to be American Express Financial Advisors (AMEX) —Let me back up a bit; not...

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Pru Rolls out an EIUL

Posted by on Sep 10, 2014 in Uncategorized | Comments Off on Pru Rolls out an EIUL

Prudential Rolls Out an EIUL–Has H-E-L-L Frozen Over?By: Roccy DeFrancesco, JD, CWPP, CAPP, CMP Is it better not to offer an EIUL policy or is it better to offer one that is not any good?                 It’s sort of like, if a tree falls in the forest with no one around, does it make a noise?  It does make a noise, and the noise I hear from the new Prudential product is Taps.                  The specs of the product foreshadow what the performance will be (which should be significantly lower returns than products in my Retirement...

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F&G Dumps EIUL Renewal Caps

Posted by on Sep 10, 2014 in Uncategorized | Comments Off on F&G Dumps EIUL Renewal Caps

F&G Dumps Caps on EIUL Renewals                 I’m going to start doing more education on EIUL (Equity Indexed Universal Life) polices over the next several months, and I thought I’d start with this interesting and important topic (renewal caps).                 Oh, speaking of education on EIUL, if you are looking for the best training in the industry (outside of reading my books), you might want to check out www.EIULTraining.com where you can learn about a very powerful two-day educational seminar.                 Renewal Caps—there...

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Anico Rolls out a New EIUL

Posted by on Sep 10, 2014 in Uncategorized | Comments Off on Anico Rolls out a New EIUL

ANICO Rolls out a NEW EIUL PolicyMy Product Review is NOT Very Favorable                 If you want to attend the webinar on EIUL training/marketing we did last week that can now be accessed on recording, click on the following link: http://www.strategicmp.net/page/life/eiulwebinar.                 I also know that many after reading this newsletter will want to know about my favorite EIUL (Retirement Life™) policy. To learn more, please click on the following link: http://www.strategicmp.net/page/life/retirementlifesignup.                  ...

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New EIUL Product Review

Posted by on Sep 10, 2014 in Uncategorized | Comments Off on New EIUL Product Review

NEW EIUL Product Review–Another Class Action Waiting to Happen?                 Before I start this newsletter, I wanted to remind readers about Mike Steranka’s 28-page 7 Steps to Creating a Powerful Appointment Process PDF that you can download by clicking on the following link: www.strategicmp.net/page/life/7stepapp.                    To download the two-day EIUL training agenda, please click on the following link: http://www.thewpi.org/pdf_files/OC.EIUL.Agenda.pdf.    New EIUL Product                   If you’ve not been...

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F&G Sued in Class Action Lawsuit

Posted by on Sep 3, 2014 in Uncategorized | Comments Off on F&G Sued in Class Action Lawsuit

Missed Fortune 101 Author, Doug Andrew, Sued Along with F&G in Class Action Lawsuit                 Before I start this important newsletter, I wanted to list a few items of interest.                 1) My new Income-for-Life White Paper is done. To download, click on the following link: www.pomplanning.net/incomeforlifewhitepaper.                   2) If you missed the webinar we did last week on EIUL training/marketing, you can now watch it on recording by clicking on the following link: http://www.provenmarketingstrategies.net. ...

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